| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13131 Moorpark St, Sherman Oaks, CA, 91423, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1978 |
| Units | 41 |
| Transaction Date | 2002-12-13 |
| Transaction Price | $5,100,000 |
| Buyer | MCNAMEE FAMILY PARTNERSHIP |
| Seller | LAMONT PROPERTIES LLC |
13131 Moorpark St Sherman Oaks Multifamily Opportunity
Neighborhood indicators point to durable renter demand and steady occupancy in the immediate area, according to WDSuite’s CRE market data. Elevated home values nearby support leasing retention potential for well-maintained assets.
Sherman Oaks’ Urban Core setting delivers strong neighborhood fundamentals for multifamily. The area ranks 49 out of 1,441 Los Angeles metro neighborhoods (top quartile) on WDSuite’s A+ neighborhood rating, reflecting a balanced mix of demand drivers and amenities. Restaurant and cafe density trends land in the upper national percentiles, while parks access also compares favorably, supporting day-to-day livability that helps leasing and renewals.
Renter concentration is high at the neighborhood level, with an estimated 61% of housing units renter-occupied. For investors, that indicates a deep tenant base and potential stability in demand. Neighborhood occupancy is reported at roughly the low-90s, and average NOI per unit benchmarks competitively versus many U.S. locales, based on CRE market data from WDSuite.
Asset vintage matters here: the property was built in 1978, while the neighborhood’s average construction year trends newer (mid-1980s). Older stock can require capital planning for building systems but can also offer value-add potential through targeted renovations and modernization to compete against newer deliveries.
Within a 3-mile radius, demographics show a large, affluent household base with median incomes above typical U.S. levels and a sizable share of higher-earning households. Near-term history shows modest population movement, but WDSuite’s forward look indicates an increase in households alongside smaller average household sizes, which generally supports a larger renter pool and occupancy stability. Elevated for-sale home values locally tend to reinforce reliance on rental options, which can aid lease retention and pricing power for competitive units.
A practical note: amenity coverage is strong for groceries, restaurants, and childcare, but pharmacy presence in the immediate neighborhood data appears limited. That is not uncommon in dense urban corridors but is worth factoring into resident convenience narratives.
Neighborhood safety indicators compare favorably in a national context. WDSuite’s data places the area in the upper national percentiles for lower violent offense rates, with notable year-over-year improvement trends. Property-related offenses track closer to national averages but also show recent improvement.
Within the Los Angeles metro, the neighborhood performs above many peers (ranked well relative to 1,441 neighborhoods), suggesting safety conditions that are competitive among city sub-areas. As always, investors should pair these comparative signals with on-the-ground observations and current operations data.
Nearby entertainment and media employers underpin a sizable professional tenant base and commute convenience, supporting leasing and retention. Key names in proximity include Radio Disney, Live Nation Entertainment, Disney, Charter Communications, and Activision Blizzard Studios.
- Radio Disney — corporate offices (4.5 miles)
- Live Nation Entertainment — entertainment (5.4 miles) — HQ
- Disney — corporate offices (5.5 miles) — HQ
- Charter Communications — telecommunications (5.5 miles)
- Activision Blizzard Studios — gaming & media (5.9 miles)
This 41-unit property in Sherman Oaks benefits from a deep renter base, high neighborhood livability, and strong local incomes that support effective rents. According to CRE market data from WDSuite, neighborhood occupancy trends in the low-90s and the area’s NOI-per-unit benchmarks are competitive, while elevated ownership costs nearby help sustain multifamily demand and lease retention.
Built in 1978, the asset is older than the neighborhood’s mid-1980s average, pointing to potential value-add through interior upgrades and system modernization. Within a 3-mile radius, projections indicate growth in the number of households and smaller average household sizes, implying a larger tenant base over time. The mix of amenity access and proximity to anchor employers can further support leasing velocity, with pharmacy coverage being a minor convenience gap to monitor.
- Deep neighborhood renter base and steady occupancy support demand durability
- High home values nearby reinforce reliance on rentals and retention
- 1978 vintage offers value-add and modernization upside versus newer stock
- Amenity-rich location and proximity to major employers aid leasing velocity
- Watch items: moderate pharmacy access and ongoing capital planning for older systems